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Half of Chinese Citizens Believe Chinese Gov't Sanctions against Lotte Mart Was Wrong...Survey

A survey said more than a half of Chinese citizens feel the Chinese government’s measures against Lotte Mart in relation to the Terminal High Altitude Area Defense (THAAD) deployment by the Korean government was wrong. According to NICE R&C, a market researach firm, on March 21, based on surveys on 2,100 adult men and women aged between 18 and 65 in cities such as Beijing, Shanghai, and Guangzhou from March 15 and 17, 37.2 percent answered the government’s sanctions against Lotte Mart wer… …

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Tillerson reaffirms 'ironclad' security alliance with S. Korea

South Korea’s Acting President and Prime Minister Hwang Kyo-ahn shakes hands with U.S. Secretary of State Rex Tillerson before their talks in Hwang’s office in Seoul on March 17, 2017.U.S. Secretary o …

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Gov't to Attempt to Lift Sewol Ferry Wednesday

[Domestic] : The government will attempt to lift the sunken Sewol ferry from the ocean floor as early as …[more…] …

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Billionaire Philanthropist David Rockefeller Dies at Age 101

David Rockefeller, the philanthropist billionaire whose family name is the very definition of American capitalism, died in his sleep Monday at age 101. The former head of Chase Manhattan Bank was the last grandson of the legendary 19th-century founder of the Standard Oil empire, John D. Rockefeller…. …

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(EDITORIAL from Korea JoongAng Daily on March 21)

Moon’s populist pledges Moon Jae-in, former chairman of the Democratic Party and frontrunner in the polls ahead of the May 9 presidential election, is coming up with one populist campaign promise after another. His vows to safeguard the rights of …

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[Analysis] US Secretary of State softens rhetoric on China visit

After calling on China to play a bigger role in the North Korean nuclear issue during his visit to Japan and South Korea, US Secretary of State Rex Tillerson toned down his strident rhetoric considera.. …

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France will continue collaboration with Korea's next government: minister

SEOUL, (Yonhap) — The French minister for government reform said Monday his nation will maintain its cooperative relati …

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POSCO's "Indian Integrated Steel Plant" Dream Fades Away

After 12 years of pushing to establish an integrated steel plant in Odisha in eastern India, POSCO returned some of its land sites to the Indian government. This move came after POSCO failed to win the right to develop an iron ore mine from the Indian government and local residents are opposing to the construction of a steel plant for its possible damage to the environment. Accordingly, POSCO’s long-aspired dream of building an integrated steel plant in South Asia appears to be fading … …

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This Is No Time to Toy with the Korea-U.S. Alliance

North Korean leader Kim Jong-un has presided over the thrust test of a new rocket engine and declared that “the whole world will soon witness what eventful significance the great victory won today carries.” Garbled talk about “satellites” that accompanied the event suggests it was an engine for an i… …

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S. Korea to Launch New FTA Talks to Lower Dependence on US, China

[Economy] : Anchor: South Korea plans to pursue free trade agreements(FTA) with the former Soviet Union …[more…] …

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Top US nuke envoy to visit Seoul amid growing threats from NK

The top US nuclear envoy will visit Seoul this week to discuss cooperation with his South Korean counterparts against No …

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Korean Banks Ride High on Interest Rate Hikes

The interest rate of commercial banks in Korea is expected to continue an upward trend as the U.S. benchmark interest rate is likely to be raised gradually until 2019. According to industry sources on March 19, the banking industry is expected to benefit from the hike in U.S. interest rate. The banks’ lending rate is picking up, while the deposit rate remains stagnant, leading to the increase in the spread between lending and deposit interest rates. The banking industry’s len… …

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(2nd LD) Seoul says N. Korea's rocket engine 'meaningful' progress

(ATTN: UPDATES with details; ADDS photo) SEOUL, March 20 (Yonhap) — South Korea’s defense ministry said Monday that North Korea’s latest high-thrust rocket engine test was a “meaningful” advance in its weapons of mass destruction (WMD) development pr …

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South Korea’s GDP has risen, but quality of life hasn’t kept pace

The first-ever statistics representing South Korean quality of life in numerical terms were released on Mar. 15. While South Korea’s economic wealth in terms of gross domestic product (GDP) has grown.. …

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S. Korea, US Start Large-scale Maritime Exercise with Carl Vinson

[Politics] : The Navies of South Korea and the United States on Sunday started a large-scale maritime exercise with the U.S. aircraft carrier Carl Vinson in the waters around the Korean Peninsula.[more…] …

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Hong steps up rhetoric against Moon

South Gyeongsang Province Gov. Hong Joon-pyo on Sunday stepped up harsh rhetoric to cast himself as the strongest candid …

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SK chief Chey reportedly denies involvement in impeached president's scandal

SEOUL, March 19 (Yonhap) — The chairman of South Korea’s third largest conglomerate SK Group reportedly denied allegations of his involvement in a corruption scandal that led to the ouster of former President Park Geun-hye, according to informed offic …

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Korean media mogul Hong of JoongAng hints he may join presidential race

Hong Seok-hyun, chairman of JoongAng Media Network, on Saturday implied he may join the upcoming 19th presidential elect …

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(LEAD) Top diplomats betray U.S.-China differences on how to rein in N. Korea

(ATTN: CHANGES headline; RECASTS throughout) By Koh Byung-joon SEOUL, March 18 (Yonhap) — Talks between the top diplomats of the United States and China on Saturday underscored a marked difference in their approaches toward North Korea, despite their …

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Citizens donate $779,000 for candlelight rally organizers’ $88,500 in debt

“Here’s my payment for confirming democracy and the power of the citizenry. 🙂 Payment complete!” “Made a donation instead of ordering chicken.” “Just wired the money. . . what’s the point of making .. …

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